London-based ship reinsurers are canceling coverage and demanding 200% more to reinstate policies, after a U.S. sub sank an Iranian warship off Sri Lanka, say people familiar with the matter.
Allstate Quarterly Profit Jumps on Sharp Drop in Catastrophe Losses
Allstate reported a jump in first-quarter profit on Wednesday as the property and casualty insurer benefited from a sharp fall in catastrophe losses. Earnings rose
